BlackBerry has reported a net loss of about $965m with the a drop in sales during Q2, just days following the acceptance of tentative $4.7bn bid, from Fairfax Financial, to go private.
During the quarter, the Canadian smartphone maker's performance mainly declined in Latin America, which was touted to be the keen supporter of its devices.
The firm also reported 49% drop in revenue to $1.6bn, while its cash pile also dropped by over $500m to $2.57bn during Q2.
BlackBerry president and CEO Thorsten Heins said that the operational and financial results this quarter were very disappointing and the firm has revealed a series of major changes to deal with the competitive hardware environment and cost structure.
"While our company goes through the necessary changes to create the best business model for our hardware business, we continue to see confidence from our customers through the increasing penetration of BES 10, where we now have more than 25,000 commercial and test servers installed to date, up from 19,000 in July 2013," Heins said.
"We understand how some of the activities we are going through create uncertainty, but we remain a financially strong company with $2.6 billion in cash and no debt.
"We are focused on our targeted markets, and are committed to completing our transition quickly in order to establish a more focused and efficient company."
However, there was a rise in penetration of BlackBerry Enterprise Service 10 (BES 10) with over 25,000 commercial and test servers deployed so far, which is a rise from 19,000 in July 2013.
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